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on august 19, 2008, dubai law no. (14) of 2008 was issued and will
become effective 60 days after it is published in the official gazette.
it stipulates that mortgage contracts must be registered with the land
department and must specify the size of the loan, the repayment period
and the value of the property to which the loan is linked. it provides
that mortgage lenders obtain priority over unsecured lenders in the
case of enforcement and provides for a “court-assisted” process, rather
than a “self-help” remedy which permits the lender to sell the property
without having to go through a court process.
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Dubai Property Law's 
